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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Dec. 31, 2010
ASSETS      
Cash $ 386,249 $ 347,892 $ 47,481
Accounts receivable. 11,707 0 0
Prepaid expenses. 287,001 320,833 0
Other current assets. 34,683 30,749 17,670
Total Current Assets 719,640 699,474 65,151
Property and equipment, net 78,188 22,969 1,208
Intangible assets, net 1,438,965 1,522,811 1,151,522
Total Assets 2,236,793 2,245,254 1,217,881
Current liabilities      
Accounts payable and accrued liabilities. 171,990 255,519 228,000
Notes payable. 0 0 59,943
Related party payables. 250,641 278,845 260,867
Note payable related party 0 0 900,000
Total Current Liabilities 422,631 534,364 1,448,810
Grant repayable 604,487 621,935 0
Total Liabilities 1,027,118 1,156,299 1,448,810
STOCKHOLDERS' EQUITY      
June 30, 2012-Common Stock Authorized: 200,000,000 shares, at $0.001 par value Issued and outstanding: 9,333,753 shares, December 31, 2011 Common stock Authorized: 200,000,000 shares, at $0.001 par value Issued and outstanding: 8,645,652 shares,December 31, 2010 Common stock Authorized: 200,000,000 shares, at $0.001 par value 4,144,967 shares Issued and outstanding 9,334 8,646 4,145
Additional paid-in capital 6,202,748 4,578,254 668,338
Share subscriptions received 268,000 0 30,000
Other Comprehensive Income (34,621) 4,638 (39,292)
Deficit accumulated during the development stage (5,235,786) (3,502,583) (894,120)
Total Stockholders' Equity 1,209,675 1,088,955 (230,929)
Total Liabilities and Stockholders' Equity $ 2,236,793 $ 2,245,254 $ 1,217,881